GoPro Expects Third-Quarter 2017 Revenue And Gross Margin Will Be At The High-End Of Guidance
Seeing Strong Consumer Demand for the Brand
HERO6 and Fusion Cameras are Tracking for launch in 2017
SAN MATEO, Calif., Sept. 7, 2017 -- GoPro, Inc, (NASDAQ: GPRO) today announced revenue and gross margin for the third quarter of 2017 are both expected to be at the high end of their previously announced respective ranges of between $290-$310 million and 36-38 percent. GoPro also forecasts the third quarter to be profitable on a non-GAAP basis, though not profitable on a GAAP basis.
"Consumer demand for GoPro products is strong," said GoPro Chief Operating Officer CJ Prober. "Channel inventories have been reduced and we're incredibly excited about the upcoming launch of two great new products, HERO6 and our 5.2K spherical camera, Fusion."
- Category: High Tech
- Published: 07 September 2017
- Written by Editor